Understanding Pricing in a Plumbing Service Business

In this chapter, the speakers discuss the concept of pricing in a plumbing service business, explaining the cost of materials and labor as what the business sells. They delve into determining billable hours and how it affects the hourly rate, cautioning against pitfalls of billing by the hour. The chapter also emphasizes the importance of establishing overhead and costs, transitioning from a technician to a business owner, and pricing for the future to create a profitable business.